Form 4: Wynn Resorts Executive Vice President Sells Shares to Cover Tax Obligations

Ellen F. Whittemore, Executive Vice President of Wynn Resorts, sold shares to cover tax obligations related to vesting restricted stock.

Summary

• Ellen F. Whittemore, an Executive Vice President at Wynn Resorts, sold a total of 2,598 shares of common stock on January 12, 2025.
• These sales were executed to cover tax withholding obligations related to the vesting of restricted stock previously granted on January 12, 2022 and January 12, 2023.
• The shares were sold at a price of $81.15 per share.
• After these transactions, Ms. Whittemore directly owns 107,151 shares of Wynn Resorts common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and are required by the SEC to ensure transparency of insider trading.
• The sale of shares to cover tax obligations is a common practice among executives who receive stock-based compensation, and is not unusual for companies like Wynn Resorts.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but is generally not considered a significant event.

Key Dates

Keywords

Wynn Resorts, insider trading, stock sale, executive compensation, restricted stock, tax obligations, Form 4, share transaction